Advancing the movement toward economic and political globalism, the African Union is moving down the path of regional economic integration, with the expected end result of continental economic and political integration.

Yet, skeptics note that the eco, a common currency designed to be issued by the West African Economic and Monetary Union is now rescheduled to be issued in July 2009, after failing to materialize through earlier efforts.

The United Nations has strongly supported the African Union as a major solution for the war, poverty, famine, and disease which have plagued the continent for decades.

“The United Nations is a long-standing supporter of regional integration in Africa,” U.N. Deputy Secretary General Asha-Rose Mtengeti Migiro told the AU summit in Accra, Ghana, on July 1.

“We remain committed to assisting this process. We will continue to do so by helping to identify ways to accelerate integration, by monitoring the progress being made in the various regional economic communities and by supporting efforts to overcome obstacles to closer union.”

Janneh told the council “the Great Debate on an African Union Government is very important and opportune and will enable Africa’s leaders to share their vision for the future development of Africa.”

“Your present debate on institutional arrangements, modalities, and time frame for the union underlines the essence of regional economic cooperation and integration for Africa’s future and its ability to deal with its development challenges,” Janneh said. “The United Nations is well positioned to continue its support for Africa’s regional integration agenda especially in the context of the UN-AU Framework for the Ten-Year Capacity Building Program for the African Union.”

border=0>Benn Steil

As WND has previously reported, the Council of Foreign Relations has supported regional and global currencies designed to replace nationally issued currencies.

Steil wrote that, “In a globalizing economy, monetary stability and access to sophisticated financial services are essential components of an attractive local investment climate. And in this regard, developing countries are especially poorly positioned.”

Steil’s conclusion was clear, “Since economic development outside the process of globalization is no longer possible, countries should abandon monetary nationalism.”

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